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DGAP-News: First Sensor places new promissory note loan

DGAP-News: First Sensor AG / Key word(s): Financing
First Sensor places new promissory note loan

26.11.2015 / 17:46
The issuer is solely responsible for the content of this announcement.


First Sensor's shares: ISIN DE0007201907 Ι WKN (German Securities Identification Number) 720190

Strengthening liquidity position for further implementation of growth strategy / Early repayment of existing tranche

First Sensor AG has successfully placed a promissory note loan with a volume of EUR28.0 million on the capital market. The new promissory note loan replaces the variable three-year tranche of EUR19 million that had been in place since 2013 and will provide an additional EUR9 million that can be used to finance the company's growth strategy. The value date of the transaction is 21 December 2015.

"This move will improve our interest structure while generating additional funds that give us greater entrepreneurial scope to make the necessary investments for our growth," commented Dr. Mathias Gollwitzer, CFO of First Sensor AG. In addition, the interest rate risk was limited through fixed interest rates and the agreement of customary market collateral mechanisms. "We see the high level of interest in our promissory note loan as a sign of the capital market's confidence in our Strategy 2020, which we presented recently."

The Berlin-based sensor company originally planned to issue a promissory note loan with a volume of EUR25 million. Following oversubscription totaling EUR29.5 million, the final volume of the issue was EUR28.0 million.

The placement involved German institutional investors subscribing for three tranches totaling EUR28.0 million with terms of five years (variable interest EUR18.0 million, fixed interest EUR7.0 million) and seven years (fixed interest EUR3.0 million). The promissory note with variable interest is calculated on the basis of the six-month EURIBOR rate with a margin. The other two tranches are fixed-rate. All of the margins are in line with standard market conditions and significantly lower than the 2013 level. Debt-to-equity and the equity ratio were defined as financial ratios. All of the promissory note loans that are currently in place are scheduled for repayment in either 2018 (EUR12.0 million), 2020 (EUR25.0 million) or 2022 (EUR3.0 million).

About First Sensor AG
First Sensor AG is one of the world's leading suppliers in the field of sensor systems. Our company develops and manufactures standardized and customized sensor solutions for applications in the Industrial, Medical and Mobility growth markets. With over 800 employees, we are represented at six German locations and also have development, production and sales sites in the USA, Canada, Singapore, China, the Netherlands, Great Britain, France, Sweden and Denmark along with a worldwide partner network. First Sensor AG is a German public limited company and has been listed in the Prime Standard of the German stock exchange in Frankfurt since 1999. For more details on First Sensor, please visit first-sensor.com.

First Sensor AG
Peter-Behrens-Str. 15
12459 Berlin
Deutschland

Contact:
HCE, Sabrina Romes
T +49 30 639923-760
E first-sensor@hce.de



26.11.2015 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de



Language: English
Company: First Sensor AG
Peter-Behrens-Straße 15
12459 Berlin
Germany
Phone: +49 (0)30 63 99 23-760
Fax: +49 (0)30 63 99 23-719
E-mail: ir@first-sensor.com
Internet: www.first-sensor.com
ISIN: DE0007201907
WKN: 720190
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart
End of News DGAP News Service

417991  26.11.2015 

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Company
First Sensor is one of the world's leading suppliers in the field of sensor systems and part of TE Connectivity. In the growth market of sensor systems, First Sensor develops and produces customer-specific solutions for the ever-increasing number of applications in the industrial, medical, and mobility target markets. Our goal here is to identify, meet and solve the challenges of the future with our innovative sensor solutions early on.
Investor Relations
Our investor relations activities aim at raising the international publicity of First Sensor AG and at consolidating and extending the perception of our share as an attractive growth stock. This means we keep our online communication transparent, comprehensive and continuous in order to enhance your trust in our share.
Tailored Solutions
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Competencies
In the growth market of sensor systems, First Sensor develops and produces customer-specific sensors, electronics, modules and complex systems for the ever-increasing number of applications in the industrial, medical, and mobility target markets. As a solution provider the company offers complete development services from a first draft and proof of concept up to the development of prototypes and finally serial production. First Sensor offers comprehensive development expertise, state-of-the-art packaging technologies and production capacities in clean rooms from ISO class 8 to 5.
Career
Innovation, excellence, proximity – these are our values, our ambition, our drive. Anything less is not an option. Our sensor solutions stand for technical innovation and economic growth. As such, they form the basis for the development and application of new technologies in almost all areas of life. We aim to shape this future together with you.

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